TAO is currently testing a crucial demand zone between $170 and $190, following a 3.46% decline to $184.4. Market analyst Cyril-DeFi highlights the importance of this level, suggesting that a successful rebound could signal the beginning of a recovery. However, failure to maintain this support may lead to further declines, continuing the broader downtrend.
Analysts emphasize that reclaiming the $200 mark would be the first sign of renewed strength for TAO. The trading volume remains modest at 72.23K, indicating that increased buyer interest is needed to reverse the current trend. Traders are closely monitoring TAO's price action at this critical support level to determine its future trajectory.
TAO Tests Critical Support Zone Amid Downtrend
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